About $974 million of that investment will be spent on what Canadian Oil Sands calls “discrete, major infrastructure projects” to position Syncrude for 10-20 years of production while improving operational efficiency and environmental performance.

Canadian Oil Sands anticipates overall Syncrude production of 106-117 million bbl in 2012. After reducing its original 2011 budget for Syncrude because of work deferred, Canadian Oil Sands estimates it will have invested $691 million investment on Syncrude this year.